Freefall: Wind Power Investment Collapses in Europe

In a ‘what goes around comes around’ kind of way, it’s fitting that the great wind power fraud is taking European ‘investors’ – of the Energreen mold – to the cleaners.

The subsidies have run out and, as night follows day, investors are racing to the exits – which brings the greatest Ponzi scheme of all time to an inevitable end. Here’s Andrew Follett with some more moaning from the wind industry, its parasites and spruikers.

“Whenever subsidies or mandates are lowered, interrupted, or ended, then investment in renewable energy projects disappears,” Myron Ebell, director of the Center for Energy and Environment at the free market Competitive Enterprise Institute, told The Daily Caller News Foundation. “The same thing has happened repeatedly in the U. S. when federal tax credits for wind and solar power have lapsed. The reason is obvious: despite decades of promises that these technologies will soon be commercially viable, they still cannot compete in the market against conventional sources of electricity.”

The U.K was routinely the top place to invest in green energy due to lucrative subsidies, mandates and tax incentives during the mid-2000s, but now it has fallen to 13th place, according to the report.

Between 2005, when Europe create pro-green energy policies, and 2014, residential electricity rates on the continent increased by 63 percent, according to a study published in March by The Manhattan Institute. Over the same period, residential rates in the U.S. rose by 32 percent. Germany, Spain and the U.K, which intervened the most in the energy markets, saw its electricity bills rise the fastest, according to the study.

Comments

“The reason is obvious: despite decades of promises that these technologies will soon be commercially viable, they still cannot compete in the market against conventional sources of electricity.”
Nor can they perform to something close to the capacity they promised, in a consistent, safe, reliable, and environmental way.
They are inefficient AND dangerous, but of course to get Politicians listening and accepting the reason to stop funding these things with OUR money they only look to resulting economic outcomes.
When they consider the economic damage being done to their nations and the decline of industry and jobs they are ready to set aside their proclaimed but ludicrous ideology that these things are good for the environment and will save the world from global warming and anyone or thing harmed is justifiable collateral damage.

As the rest of the world wakes up to the reality of wind farms, politicians in Australia are so locked in step to ‘do it all again ‘ here that not one of them thinks its an election issue — how stupid are they? ( or should that be ‘we’) .